Regional & International Cooperation

Eurasia Expo 2021: An opportunity to expand trading with EAEU

IRNA – Head of Iran’s Trade Promotion Organization Hamid Zadboum said that holding the first Eurasia Expo in Iran is a good opportunity to facilitate free trade talks with members of the Eurasian Economic Union.

Referring to the significance of holding this expo, Zadboum described it as an environment to better recognize Iran’s export capacity to EAEU member states.

Emphasizing that the EAEU with a population of 185 million people is one of Iran’s most important trading partners, the official said that a temporary agreement on free trade of 862 goods was signed between Iran and the EAEU in 2018 and was effective from 2019.

He noted that Iran tries to turn the agreement into a permanent free trade agreement with the EAEU.

Zadboum linked the relatively low participation in the expo by Iranian and foreign visitors to the coronavirus pandemic and consequent restrictions and said that he hoped participation would increase in the next edition of the event.

Eurasian Economic Commission Chairman Danil Ibrayev, Russian-​Iranian Business Council Vladimir Obydenov, Head of Iran’s Foreign Ministry Multilateral Trade and Financial Cooperation Aziz Mansouri, Iran’s Ambassador to Moscow Kazem Jalali and several other Iranian and Russian officials attended the inauguration ceremony of the expo.

The Eurasia Expo 2021 is held July 9-14 in Tehran.

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